Red Bull has sacked long-serving Formula One principal Christian Horner and promoted Laurent Mekies from sister team Racing Bulls in the role of chief executive. Horner, 51, had been in position since becoming the youngest team boss when Red Bull made its debut as a constructor in 2005.

Apple has submitted a bid worth at least $150 million a year for the U.S. rights to stream Formula 1 races starting in 2026, Business Insider reported on Friday, citing a source familiar with the negotiations.